Related Summaries

Marriott International has entered a deal with The Witkoff Group and New Valley affiliates to build an Edition hotel and residences in West Hollywood, Calif. The property is set to open in 2018 under Marriott's management.

Trammell Crow has acquired the Brown Palace Hotel & Spa in Denver through an affiliate. The historic 1892 hotel, which was sold for an undisclosed sum, will remain under management by Quorum Hotel and Resorts as well as maintain its affiliation with Marriott's Autograph Collection.

Kessler Enterprises and Inland American Lodging Group have created two joint ventures to build two boutique hotels that will be part of Marriott's Autograph Collection. The companies will invest a total of $68.5 million in developing the 50-room Grand Bohemian Hotel Charleston in Charleston, S.C., and the 100-room Grand Bohemian Hotel Mountain Brook in Mountain Brook, Ala., both of which are scheduled to open in 2015.

Lightstone Value Plus Real Estate Investment Trust has announced its acquisition of three hotels: a Fairfield Inn & Suites by Marriott and a SpringHill Suites by Marriott in West Des Moines, Iowa; and a Courtyard by Marriott in Willoughby, Ohio. The total purchase price was $21 million.

Hilton Hotels' new Home2 Suites brand may evoke Starwood's Aloft brand, but any resemblances are unintentional, according to a blogger's chat with Bill Duncan, who is heading the brand's launch. Home2 Suites were designed to compete with InterContinental Hotel Group's Candlewood Suites and Marriott's TownePlace Suites, and the chain will also target extended stays of 10 or more nights.